Looking to balance out your exposure to ALB? The ETFs below have the lowest correlation with ALB — they tend to move on their own, which can help reduce risk when ALB drops. The stock ideas table highlights individual companies that behave independently from ALB.
Best Diversifiers for ALB
8 ETFs have low correlation with ALB (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Short Duration Income ETF | 0.11 | — | — | 90 | Short-Term Bond | ALB vs EVSD | |
| Vanguard Short-Term Corporate Bond ETF | 0.12 | 0.14 | 0.13 | 79 | Corporate Bonds | ALB vs VCSH | |
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.37 | 0.44 | 86 | Dividend | ALB vs SCHD | |
| Franklin International Low Volatility High Dividen... | 0.24 | 0.37 | 0.40 | 95 | Volatility Hedged Equity, Dividend | ALB vs LVHI | |
| First Trust Rising Dividend Achievers ETF | 0.28 | 0.42 | 0.51 | 72 | Dividend, Large Cap Blend Equities | ALB vs RDVY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALB and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.15 | -0.02 | 0.06 | 80 | Consumer Defensive | |
| Chubb Limited | -0.11 | -0.03 | 0.11 | 86 | Financial Services | |
| Waste Management, Inc. | -0.11 | -0.03 | 0.08 | 51 | Industrials | |
| Walmart Inc. | -0.09 | 0.01 | 0.08 | 60 | Consumer Defensive | |
| Cheniere Energy, Inc. | -0.09 | 0.08 | 0.19 | 51 | Energy |
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